According to the recently completed Dun & Bradstreet National Business Expectations Survey, the Sales and profit expectations in Australian businesses are reportedly increased for the second quarter of the current fiscal. The growing business expectations show that the economy is recovering very fast and the businesses are also taking the advantage of this recovery.

The survey reveals that the Sales expectations among Australian businesses for the second quarter ending June 2010 were reported to reach the highest levels for past 6 years. Also, the profits expectations for the period are reported to reach 5 year high levels.

The Dun & Bradstreet survey of business expectations shows that for the second quarter the sales expectations were reported to 33 index points, increasing by 5 points while the profit expectations were reported to 18 points, increasing by 8 points. The capital investment expectations were reported to15 points and the selling price expectations were reported to 18 points, increasing by 9 points since March quarter.

The survey said that the executives are back on their confidence for the expansion trend for the full year 2010.

"Not only are sales and profits levels improving from the lows of mid 2009, they are now reaching levels of confidence not seen since the middle of the decade," said Christine Christian, chief executive of Dun & Bradstreet.

Dun & Bradstreet conducted the survey among 1200 business owners and executives across Australia.